#3 - Exxon Mobil (NYSE:XOM)
Exxon Mobil Corp. (NYSE: XOM) is a more direct way to invest in undervalued growth stocks. Oil stocks have underperformed expectations in 2024 as the price of oil dipped under $70 a barrel in September. But lower interest rates are more likely than not to cause oil prices to rise.
Which is why it could be a good time to start, or add to, a position in XOM stock. The stock is up 14.5% in 2024, but most of those gains came in the first quarter of the calendar year. However, since then, the stock has been rangebound.
In its last earnings report, Exxon Mobil beat on the top and bottom lines and both numbers were higher year-over-year. Since that report, UBS Group lowered its price target on XOM stock to $149. However, that price is more than 10% above consensus and investors get a dividend with a 3.25% yield.
About Exxon Mobil
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Read More - Current Price
- $119.31
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $129.95 (8.9% Upside)
